Europe Economics Update ECB belatedly waking up to deflation dangers Recent speeches from officials suggest that the ECB has finally accepted that the threat of deflation in the euro-zone warrants further policy action. But it is far from clear that any action will be... 14th April 2014 · 1 min read
Europe Data Response Euro-zone Industrial Production (Feb.) February’s euro-zone industrial production figures confirmed that the sector has made a weak start to 2014 and highlighted the slow and fragile recovery both in industry and in the euro-zone economy... 14th April 2014 · 1 min read
Europe Economics Weekly Greek debt issue doesn't end the broader crisis Greece’s return to the bond markets last week might appear to mark the end of the euro-zone crisis which began when the true extent of the same country’s fiscal problems came to light in 2010. But... 14th April 2014 · 1 min read
Europe Economics Update Greece's return to the market may not be all positive Greece’s successful bond issue highlights the progress that the country has made in recent years. But an increased use of market funding creates its own risks for Greece’s recovery. 10th April 2014 · 1 min read
Europe Economic Outlook Deflation dangers persist The recovery in the European economy appears to have picked up a bit of speed in the early months of 2014. The euro-zone now looks set to expand by 1% or more this year, a significant improvement on... 10th April 2014 · 1 min read
Europe Commercial Property Update What explains falls in Swiss office rental values? Falls in office rental values in Zurich and Geneva seem at odds with the growing Swiss economy. But for Zurich at least, weakness in the financial services sector seems to explain why office take-up... 10th April 2014 · 1 min read
Europe Commercial Property Update How long will Brussels retail rents remain on hold? An increased preference amongst occupiers for shopping centre space and a run-down of leasing incentives probably help to explain why headline shop rents in Brussels have now been flat for three years... 9th April 2014 · 1 min read
Europe Economics Update Riksbank signals greater chance of a rate cut The Swedish Riksbank pushed back the date at which it expects to start raising interest rates and signalled that the probability of a rate cut in the near term has grown. We continue to think that low... 9th April 2014 · 1 min read
Nordic & Swiss Economics Update Riksbank signals greater chance of a rate cut The Swedish Riksbank pushed back the date at which it expects to start raising interest rates and signalled that the probability of a rate cut in the near term has grown. We continue to think that low... 9th April 2014 · 1 min read
Europe Economics Weekly ECB to follow words with actions before long Although President Draghi adopted a softer tone at last week’s interest rate press conference, the ECB decided to once again keep its powder dry. However, given the weak recovery and subdued inflation... 7th April 2014 · 1 min read
Global Economics Chart Pack US rebounds but China and Japan slowing The global economy is healing, but the pace of recovery differs markedly between countries. The US is now rebounding from its weather-induced slowdown and the euro-zone is steadily gaining momentum... 4th April 2014 · 1 min read
Europe Commercial Property Update What do jobs data imply for the peripheral occupier markets? Since the crisis, employment in the periphery has underperformed the euro-zone average. But recent data does at least show some positives for Portugal. And while sustained employment growth in Spain... 4th April 2014 · 1 min read
Europe Economics Update ECB edging towards more action Although the ECB left policy on hold again today, President Draghi turned his dovish rhetoric up a further notch. With the economic recovery set to remain too weak to diminish the threat of deflation... 3rd April 2014 · 1 min read
Europe Data Response Euro-zone Retail Sales (Feb.) & Final PMIs (Mar.) February’s retail sales data offered hope that the euro-zone’s recovery is slowly broadening to households, while the final PMIs suggest that the recovery may have strengthened in Q1. 3rd April 2014 · 1 min read
Europe Chart Pack Euro-zone recovery gradually building momentum The key euro-zone surveys of activity and sentiment continued to pick up in Q1, particularly in the periphery, suggesting that GDP growth in the region as a whole may have been a bit stronger than in... 2nd April 2014 · 1 min read
Europe Commercial Property Update Where next for Stockholm office yields? The fact that office yields in Stockholm have fallen below retail yields looks like a mispricing that will be reversed in due course. The good news, however, is that the Swedish economy and occupier... 2nd April 2014 · 1 min read
